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Tracxn – Analyst Notes # 831 – Enterprise Security

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A daily newsletter summarizing recent activity & interesting start-ups globally 

RECENT NOTABLE ACTIVITY – ENTERPRISE SECURITY

  • Data security company, Security First Corp raised a debt funding of $16.3M from undisclosed investors. Link
  • Vulnerability and risk intelligence platform, Kenna Security raised $15M in a Series B funding round led by PeakSpan Capital. Link
  • The anti-fraud startup, Socure raised $13M in a Series B round led by Flint Capital. Link
  • Cyber incident response provider, SECDO raised $10M in a Series A funding round led by RDC. Link
  • Cyberintelligence company, EverCompliant, raised $9.5M in a Series A round led by Arbor Ventures. Link
  • AttackIQ, a continuous security validation provider raised $8.8M in a Series A round from Index Ventures, Qualcomm Ventures, and Telstra Ventures. Link
  • Mobile security startup Seworks raises $8.2M from SoftBank, Qualcomm, Samsung, and others. Link
  • WAF provider, Wallarm raised $2.3M in a Series A round led by Partech Ventures. Link
  • Intezer Labs, a stealth mode threat response solution provider raised $2M in a Seed round funding led by Samsung NEXT. Link
  • Vulnerability assessment provider, Delve Labs raised $1.5M in Seed round from Real Ventures, Desjardins Innovatech, and Fonds Quebecor Innovation. Link
  • Darknet monitoring company, OWL Cybersecurity, raised a Series A funding of $1.29M from undisclosed investors. Link
  • InfiSecure, a botnet prevention platform raised $600k from IDG VC and Axilor in a Seed round. Link
  • Enterprise DRM company, Intertrust raised an undisclosed funding in a Series B round led by WiL. Link
  • A private investment consortium led by Golden Gate Capital acquired Neustar, a secure DNS and DDoS security provider in a $2.9B deal. Link
  • Gemalto agreed to acquire the Identity Management Business Unit of 3M in a $850M deal. Link
  • NC4 acquired a threat intelligence sharing automation provider, Soltra for an undisclosed amount. Link
  • Akamai acquired bot-detection startup Cyberfend in an undisclosed all-cash deal. Link
  • API security and management vendor, Akana acquired by Rogue Wave Software for an undisclosed amount. Link
  • American Express acquired InAuth, a mobile device authentication and intelligence provider in an undisclosed deal. Link
  • Symantec sued Zscaler, an IT Cloud Security company over seven patent infringement violations. Link

SOME INTERESTING STARTUPS FOUND

NanoLock Security (2016, Tel Aviv) – Hardware based cyber threat prevention for M2M, mobile and IoT devices
Dark Exchange (2016, Gainesville) – Darknet monitoring of underground economy to detect the incidence of stolen data & IP
PureSec (2016, Tel Aviv) – Security solution for serverless architecture and application
Cybear Networks (2016, Tel Aviv) – Automated workflow-based tracking and management of cyber incident response

LEADER BOARD – ENTERPRISE SECURITY

Suite
Symantec (1982, Mountain View, IPO) – Enterprise security solution suite for enterprise & personal users. Went IPO in 1989.

Kaspersky (1997, Moscow, $200M) – Security solution suite for businesses and consumers, Backed by General Atlantic.
FireEye (2004, Milpitas, IPO) – Enterprise security solution for network, endpoint, mobile devices, email, and threat intelligence. Went IPO in 2013.

Network Security
Palo Alto Networks (2005, Santa Clara, IPO) – Advanced firewalls designed to provide network security, visibility and granular control of network activity. Went IPO in 2012.

StackPath (2015, Dallas, $180M) – Network security as a service, secure CDN & VPN service. Backed by ABRY Partners.
Barracuda Networks (2002, Campbell, IPO) – Appliance based network threat detection solutions. Went IPO in 2013.
Zscaler (2008, San Jose, $148M) – Network traffic analysis for application profiling and cloud security. Backed by LSVP, Google Capital, TPG, EMC.

BYOD Security
Blackberry (1984, Waterloo, IPO) – Enterprise Mobility management suite company. Went IPO in 1999.

Good Technology (1996, Sunnyvale, $522M, Acq.) – Enterprise mobility & security solution. Acquired by Blackberry in 2015. 
Lookout (2007, SF, $284M) – Mobile security against zero-day threats. Backed by Accel, A16Z, Greylock.
Airwatch (2003, Atlanta, $225M, Acq.) – Enterprise mobility management & security for BYOD. Acquired by Vmware in 2014.

Endpoint Security
Qihu 360 Software (2005, Beijing, $575M) – Anti-virus solution for desktop, laptop, and mobile devices. Backed by Sequoia, HCP, CDH Fund, IDVC, Matrix Partners, Redpoint.

Tanium (2007, Berkeley, $301.5M) – Helps manage and secure enterprise endpoints. Backed by A16Z, TPG, IVP, Franklin Templeton.
AVG (1991, Amsterdam, Acq.) – Anti-virus solution on endpoint devices for online security. Acquired by Avast in 2016. 

Cloud Security
Illumio (2013, Sunnyvale, $142M) – Visibility and control over workloads running in any data center. Backed by Accel, A16Z.

Netskope (2012, Los Altos, $131M) – Cloud access security broker solution for the enterprise. Backed by LSVP, Accel, Social+Capital Partnership, Iconic Capital.
Bracket Computing (2011, Sunnyvale, $130M) – Virtual infrastructure software for hybrid computing environment security. Backed by A16Z, NVP, SHV, Fidelity.

Application Security
Veracode (2006, Burlington, $114M) – Automated static, dynamic and mobile application security testing service. Backed by Atlas Ventures, Symantec.
Checkmarx (2006, NYC, $98.5M) – Static code analysis tools to identify security vulnerabilities in uncompiled code. Backed by Insight Partners, Salesforce.

Black Duck Software (2002, Burlington, $71M) – Vulnerability and compliance management for open source software security. Backed by Flagship Ventures, General Catalyst Partners, Intel Capital, Sapphire Ventures, Focus Ventures, Siemens Venture Capital.
Sonatype (2008, Fulton, $68M) – Open source & 3rd party software component lifecycle and security management solution. Backed by Accel, Goldman Sachs, NEA, Bay Partners.

Identity & Access Management
Okta (2008, SF, $228.5M) – Secure identity management and single sign on. Backed by A16Z, Sequoia.

Ping Identity (2002, Denver, $137M, Acq.) – Identity management solution for federated access to applications. Backed by DFJ, KKR. Acquired by Vista Equity Partners in 2016.
Centrify (2004, Sunnyvale, $94M) – Unified identity management solutions for both privileged and end-users. Backed by Samsung Ventures, Docomo Capital, Accel, Mayfield.

Security Analytics
Tenable Networks (2002, Columbia, $310M) – Continuous network monitoring & vulnerability management solution. Backed by Accel & Insight Partners.

Sumo Logic (2010, Redwood City, $160.5M) – Cloud-based network log management and analytics. Backed by DFJ Growth, IVP, Sequoia, Accel, Greylock.
Skybox Security (2002, San Jose, $144M) – Risk analytics & remediation recommendation of enterprise threats. Backed by SGEP, Providence Equity, LSVP, Benchmark.

Threat Intelligence
LookingGlass Cyber (2006, Arlington, $77M) – Threat intelligence-based security & dynamic threat defense. Backed by New Spring Capital, Alsop Louie Partners, Vital Financial.

Prevalent (2004, Warren, $72M) – Partner cyber-risk management solution. Backed by Insight Venture Partners, Spring Mountain Capital, Fulcrum Equity Partners.
RiskIQ (2009, SF, $68M) – External threat management and intelligence platform. Backed by Summit Partners, Battery Ventures, Georgian Partners, MassMutual Ventures.

Data Security
SafeNet (1983, Belcamp, $139M, Acq.) – Encryption & key management based data security. Acquired by Gemalto in 2014.

Digital Guardian (2003, Waltham, $125M) – Endpoint data loss prevention solution. Backed by Fairhaven Capital, Mass Mutual, Siemens Finance.
Ionic Security (2011, Atlanta, $122M) – Centralized policy, encryption and control based data security. Backed by KPCB, Google Ventures, Goldman Sachs, Tech Operators, JAFCO, FF VC, Meritech Capital Partners.

Website Security
CloudFlare (2009, SF, $182M) – Security and performance solutions for websites using a collective intelligence of its network community. Backed by USV, NEA, Qualcomm Venture, MS Ventures, GV.

Shape Security (2011, Mountain View, $131M) – Website security by making subtle transmutation of underlying HTML page code of web pages, deceiving attackers. Backed by KPCB, GV, NVP.
CDNetworks (2000, Campbell, $96.5M, Acq.) – Cloud acceleration based DDoS security, CDN, and WAF. Acquired by KDDI in 2011.

Email Security
MimeCast (2003, London, IPO) – Saas based email security by re-routing and analyzing emails. Went IPO in 2015.

Proofpoint (2002, Sunnyvale, IPO) – Email security based on secure email gateways. Went IPO in 2012.

Anti-Fraud
Lifelock (2005, Tempe, Acq.) – Identity theft protection & payment fraud prevention. Acquired by Symantec in 2016.

Pindrop Security (2011, Atlanta, $122M) – Machine learning and multi-factor analysis based phone fraud detection and prevention. Backed by Google Capital, A16Z, IVP, Felicis.
ThreatMetrix (2005, San Jose, $92.5M) – Fraud prevention & context-based authentication solution. Backed by USVP, SVP, Silicon Valley Bank, Tenaya Capital, August Capital, Talu Ventures, Adams Street Partners.

Leader board includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

For latest update, visit Enterprise Security feed


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